Cash withdrawal in transporter line for 1crore
atish gaur (3 Points)
20 January 2020
I have managed a transporter company . I have cash withdrawal above 1 core .plz help me
1 Replies
rama krishnan
(12244 Points)
Replied 21 January 2020
Section 194N is applicable in your case and tds at the rate of 2% would've been deducted on sum withdrawn in excess of 1 crores, by the bank. the same can be claimed at the time of filing ITR
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